SATS' Subsidiary Prices $100 Million Worth of Bonds

MT Newswires

04/17

SATS' (SGX:S58) wholly owned subsidiary, World Flight Services, launched and priced $100 million worth of 4.578% fixed rate bonds due 2028, according to a Wednesday filing with the Singapore Exchange.

The Series 002 bonds are part of the $3.0 billion multicurrency debt issuance program.

The bonds will mature on April 28.

DBS Bank is the sole coordinator, bookrunner and lead manager of the bonds while Industrial and Commercial Bank of China Limited, Singapore Branch has been invited to act as a co-manager.

Proceeds from the issue will be used to refinance existing borrowings.

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